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Inventory Management - Handling multiple types of inventory 'packages' from vendors.

edited Jun 30, 2021 8:21PM in Ask A Guru 6 comments

Looking for advice on how to setup our inventory for this use case. I know netsuite has the 'package' and 'unit of measure' records, but I don't think those are the right use case here.

How do you handle inventory purchased from a vendor which is offered in multiple package sizes?


For example, lets say the product is screws. Lets say our vendor has the ability to purchase:

  • 1 'individual' screw for $1
  • a 'Box' of 100 screws for $80
  • or a 'Case' of 1000 screws for $500.

Sometimes we may purchase any of these types of 'packages'. Then we may turn around and sell any given quantity to a customer at the weighted average cost.

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